Barricades on the Roadsby Donald D. Liou, P.E., (M.ASCE), Assoc. Prof.; Univ. of North Carolina at Charlotte, N.C.,
Serial Information: Civil Engineering—ASCE, 1997, Vol. 67, Issue 4, Pg. 64-65
Document Type: Feature article
Abstract: Many Build-Operate-and-Transfer schemes in developing economies have been less than successful. Here are pitfalls to avoid and recommendations for reaching a project's full potential. Government's role in providing infrastructure services is changing. Many governments are pursuing partnerships with the private sector to fund projects. The Build-Operate-and-Transfer method promises to attract private investment to large-scale infrastructure projects; however, to work, such plans require special due diligence and cultural sensitivity from all parties. Under a bot scheme, a government entity authorizes investors to finance and build a project, own and operate it for a certain period, then transfer it to the government without capital charge. During the concession period, the government acts more like a facilitator and customer than the traditional provider of that infrastructure facility.
Subject Headings: Construction management | Government | Infrastructure | Privatization |
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